Those Darn Facts That keep Getting in the Way

When the doctor hits your knee with that little rubber hammer, your leg automatically kicks out.  When President Obama talks about the economy [or anything else for that matter], with consistent “knee-jerk” reaction, it’s always about the mess he “inherited“. On closer inspection of the facts, maybe he did.

On unemployment,Exhibit A:

Source: Bureau of labor Statistics

And of course with liberals, it’s ALWAYS blame the Bush Administration.  Of course they always dismiss the fact the the Dems took over Congress in 2006. The results?

Selected statistics at the end of 2006 (last year Republicans controlled both houses of Congress:

• Unemployment rate:  4.4%.
• Previous year of GDP growth: +2.4%.
• Previous year of job growth:  +1.6%.
• S&P 500: 1418.

Same statistics, most recently (after almost 3 years of Democrats controlling both houses of Congress):

• Unemployment rate:  9.8%.
• Previous year of GDP growth: -3.8%.
• Previous year of job growth:  -4.2%.
• S&P 500: 1080.

Then there’s always the classic, “Those who do not learn from history are doomed to repeat it” line.  But since history isn’t being taught in public schools anymore, why would anyone pay attention to a chart like this?

Source: Bureau of Labor Statistics

I believe that the President is correct.  He did inherit  this FUBAR economy.  Only problem is, he inheritied it from Democrats.

Sometimes you have to put up a post so that you can find the facts easily. [Also to see the blank look on your liberal friend's faces]

Hat-tip IMAO

Tags: barack obama, congress, democrats, unemployment